Massachusetts Financial Services Co. MA Sells 6,790,507 Shares of UBS Group AG (NYSE:UBS)

Massachusetts Financial Services Co. MA trimmed its stake in UBS Group AG (NYSE:UBS - Free Report) by 8.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,421,028 shares of the bank's stock after selling 6,790,507 shares during the quarter. UBS Group makes up 0.8% of Massachusetts Financial Services Co. MA's holdings, making the stock its 23rd biggest position. Massachusetts Financial Services Co. MA owned approximately 2.32% of UBS Group worth $2,279,516,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBS. Steward Partners Investment Advisory LLC lifted its stake in shares of UBS Group by 42.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank's stock valued at $91,000 after buying an additional 887 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of UBS Group by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 259,326 shares of the bank's stock valued at $7,863,000 after buying an additional 39,284 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of UBS Group during the 4th quarter valued at approximately $396,000. Sequoia Financial Advisors LLC lifted its stake in shares of UBS Group by 2.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 34,999 shares of the bank's stock valued at $1,061,000 after buying an additional 771 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of UBS Group by 27.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock valued at $68,000 after buying an additional 482 shares in the last quarter.

UBS Group Trading Down 0.7%

UBS traded down $0.27 during trading on Tuesday, hitting $35.40. 1,749,691 shares of the stock traded hands, compared to its average volume of 2,476,686. The firm has a market capitalization of $113.52 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average of $32.85 and a 200 day moving average of $32.24. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $36.24.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. The firm had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. Equities research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

Analysts Set New Price Targets

UBS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Finally, Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold".

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.